Forming symmetrical triangle, building strength

9 Eyl 2020

Knowing ROKU this stock can move at the drop of a hat, but may need more time to set up. It is forming a symmetrical triangle which should be bullish if the uptrend prior to the market selloff holds. Fib retracement was done from recent swing high (ATH) to low upon market selloff. Does not look oversold or show anything of note on RSI, on watch.

11 Eyl 2020

Emir iptal

While it briefly set up and reached above the entry point, it could not hold and tumbled from 168 to 152. With volatile stocks in this market, short entry and levels will also be noted!